ShawSpring Partners

Q1 2021 13F · by Dennis Hong, portfolio manager

As of: Mar 31, 2021
Filed: May 3, 2021
US stock: $802M · prev $708M
Positions: 5 · prev 5
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves5 since the prior filing

+10.3 pp in · −10.3 pp out

New 0 0.00 pp
Added 3 +10.25 pp
Trimmed 2 −10.25 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 27% a year, about 3.8 years per position

Low
Moderate
High

Top 5 positions100% of US stock

unresolved Iac/Interactivecorp added+9.25 pp added+9.2536.6%
SE Sea Limited trimmed−4.94 pp trimmed−4.9430.4%
XYZ Block, Inc. added+0.91 pp added+0.9116.2%
MTCH Match Group, Inc trimmed−5.31 pp trimmed−5.3111.2%
ANGI Angi Inc. Class A added+0.09 pp added+0.095.6%

Positions5 in this filing · 0 exited


unresolvedIac/Interactivecorp	36.63%	1,358,278	$294M	added+33%	+9.25 pp	3 q
SESea Limited	30.39%	1,091,927	$244M	trimmed−13%	−4.94 pp	9 q
XYZBlock, Inc.	16.20%	572,340	$130M	added+15%	+0.91 pp	4 q
MTCHMatch Group, Inc	11.22%	655,110	$90M	trimmed−15%	−5.31 pp	3 q
ANGIAngi Inc. Class A	5.56%	3,433,123	$45M	added+17%	+0.09 pp	8 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001085146-21-001661
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet